On 5 January 1914, Ford Motor Company was recognized for providing their employees with a new eight hour work day along with a pay increase to $5.00 a day. Today this wage does not seem like much, but during the time, Henry Ford was seen as generous and praised by many throughout the country.

However, Ford did have other motives that were fueled by economic success. Ford hoped that the increased pay would lower the turnover rate of his employees and, in effect, save the company money with increased production and effectiveness while motivating employees. Also, with a lower turnover rate, less training, hiring, and firing costs would decrease.

While Ford had quite a bit of support, he was also criticized for his decisions with the company. Many people said that he was not a smart business man or that he brought “biblical and spiritual principles” into an industry that did not desire them. Regardless of opinions, Henry Ford had a great impact on our country when he changed his work day and his daily pay. And while the motives of his changes can be argued, profits of Ford Motor Company doubled within two years of the changes.

Looking at Henry Ford, we can ask questions about America’s current economy and job market. Some would argue that Ford had it right and that the minimum wage should be increased across the board. Others would argue that this is not the case and that it should stay the same.

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–Ross Vought

Meet the Author

I grew up in Plymouth Michigan and am a student at Schoolcraft College. I plan on pursuing a degree in Human Resource Management. I enjoy coffee, traveling, reading. I am forgiven and complete in Christ.